Page 4 - Phuc Long News Today

Many beverage chains have been forced to close their out-of-date business models, despite being effective during the pandemic and being good for brand building.

Vietnam can be a challenging market for foreign franchises. Here, we present examples of successful and unsuccessful ventures in Vietnam.

Vietnams food, beverage companies remain upbeat despite downturn-

HANOI, June 5 (Xinhua) -- While worries about a possible recession have led to shrinking consumer buying power, the food and beverage businesses in Vietnam rema

There is no formula, but there are common characteristics that economic groups such as IPP Group, Vingroup, Masan Group, Thanh Thanh Cong, BRG and Doji share.

Masan’s performance remains resilient with strong momentum for the coming time

Masan’s net revenue reached VND18.7 trillion ($797 billion) in the first quarter of 2023 (Q1/2023), an increase of 2.8 per cent on-year, indicating strong momentum for Q2/2023.

Consumer belt-tightening is not having much impact on the revenues of food and beverage businesses in Vietnam, with many maintaining stable growth rates.

This year could be the perfect time to enter Vietnam's retail market but here's a few things foreign firms should know before they do.

Beverage chain Phuc Long Heritage, in which conglomerate Masan Group owns 85%, reported the second highest revenues in the bubble tea and coffee industry last year. - VnExpress International